Bridges Academy
- Assets
- $3.2m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 46
- Location
- West Islip, NY
- Founding
- 04/2014
- Data as of
- 06/2022
- EIN
- 46-2392009
Organization Overview
Bridges Academy is located in West Islip, NY. The organization was established in 2014. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Bridges Academy employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bridges Academy is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Bridges Academy generated $3.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $3.3m during the year ending 06/2022. While expenses have increased by 6.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE BRIDGES ACADEMY IS A NOT-FOR-PROFIT SCHOOL FOR GRADES PRESCHOOL THROUGH 8TH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BRIDGES ACADEMYS MISSION IS TO TREAT STUDENTS AS INDIVIDUALS HELPING THEM TO FULLY REALIZE THEIR ACADEMIC AND SOCIAL POTENTIAL. THE SCHOOL OFFERS PRESCHOOL THROUGH EIGHTH GRADE WITH A MULTICULTURAL AND RICHLY DIVERSE GROUP OF STUDENTS FROM MANY ETHNIC, RELIGIOUS, AND SOCIOECONOMIC BACKGROUNDS.
THE SCHOOL OFFERS VARIOUS CLUBS, FIELDTRIPS, AFTERCARE, AND LUNCH PROGRAMS FOR STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Molly Hays-Jette Trustee | Trustee | 1 | $0 |
Tracee Thomson Secretary | Trustee | 5 | $0 |
Tim Maher Treasurer | Trustee | 2 | $0 |
Lindsay Brink Co-President | Trustee | 5 | $0 |
Thomas Fauvell Trustee | Trustee | 1 | $0 |
Walter Lace Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $33,500 |
| Fundraising events | $47,989 |
| Related organizations | $0 |
| Government grants | $64,083 |
| All other contributions, gifts, grants, and similar amounts not included above | $143,361 |
| Noncash contributions included in lines 1a–1f | $31,981 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $288,933 |
| Total Program Service Revenue | $3,369,743 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,810 |
| Net Income from Fundraising Events | $34,769 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,705,231 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $487,952 |
| Compensation of current officers, directors, key employees. | $166,793 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,470,490 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $67,508 |
| Payroll taxes | $173,145 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,078 |
| Fees for services: Accounting | $67,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $25,672 |
| Office expenses | $134,315 |
| Information technology | $30,245 |
| Royalties | $0 |
| Occupancy | $358,046 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $61,597 |
| Insurance | $55,457 |
| All other expenses | $134,569 |
| Total functional expenses | $3,340,131 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,850,853 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,825 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $27,983 |
| Net Land, buildings, and equipment | $218,018 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $62,643 |
| Total assets | $3,166,322 |
| Accounts payable and accrued expenses | $219,049 |
| Grants payable | $0 |
| Deferred revenue | $1,432,803 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $49,400 |
| Total liabilities | $1,701,252 |
| Net assets without donor restrictions | $1,465,070 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,166,322 |